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GST Stands For Good And Services Tax In Our Advanced GST Calculator Tool You Can Calculate All Your Taxes In Australia. There Are Two Types Of Taxes In Europe And Other Countries. VAT And GST. VAT Stands For Value-Added Tax Which Is Mostly Used In The UK While GST is Use Most In Australia And Some Other Countries Like Canada, Newzealand, And India. So Now Here In This Tool By Default Australia Is Selected With Their 10% GST Rate. Just Enter Your Amount And As Optional You Can Select Your Result In Decimal Points. So After Entering Your Amount, You Will Have Both Results In the Output Below Add GST And Subtract GST.
There Are Two Things In GST Calculation Adding Of GST And Subtracting Of GST. So We Will Have a Formula for adding GST.
Add GST
Amount: 10000$, GST Rate: 10%
In First Step: ((10000$ * 10) / 100) = 1000$
In Second Step: 10000 + 1000 = 11000 Total Amount
Subtracting GST
Amount: 10000$, GST Rate: 10%
In Step One: 100 + 10 = 10
In Step Two: ((10000 / 110) * 10) = 909.09$
Final Step: 10000 - 909.09$ = 9090.91$ Total Amount.